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Get Ready for the UKCA Mark

Get Ready for the UKCA Mark The new UKCA mark replaces the CE mark for products sold in Great Britain.   It came into effect in January 2021, at the end of the Brexit transition. However, a grace period means that you can still use the CE mark until January 2022. After that point goods sold in Great Britain must show the UKCA mark. ...

Import One Stop Shop (IOSS) for Sellers

Import One Stop Shop (IOSS)- What Sellers Need to Know The new Import One Stop Shop (IOSS) will begin on July 1st, 2021. This is because the Value Added Tax (VAT) exemption for goods importing into the EU, and under EUR 22 in value will end. If you sell goods into the EU, this could affect you. Find out all you need to know...

How to Price Your Products & Services

How to Price Your Products & Services Getting the right pricing of your product or service can be the most difficult job for business owners.  Occasionally, businesses vastly overestimate the true value of their products, but we find that we are more likely to see our clients underselling themselves.  It may be that feeling of...

IR35

IR35 – Does it Apply to You? IR35, or off-payroll working rules, was introduced by HMRC as a way of assessing whether contractors are genuinely contractors, and not actually what they call ‘disguised’ employees to avoid paying tax, such as NI contributions. A contractor working through a limited company can take advantage of several ...

Domestic Reverse Charge for Construction Industry

Domestic Reverse Charge for Construction Industry The Domestic Reverse Charge (DRC) which has been delayed twice, because of Brexit and then Covid-19, will come into effect on 1st March 2021. HMRC is hoping DRC will make it harder for fraudulent sub-contractors to charge VAT to their customers and then not declare in the returns.  Sadly, t...

Why you need a scalable business model

Why You Need a Scalable Business Model Why should you need a scalable business model? Nobody starts a business to see it crashing  after a couple of years.  Nor does any excited entrepreneur dream that their business will stay small forever or that they will have to throw in the towel when a recession hits. Of course not.  Ev...

Garden Offices for Business

Building a Garden Office Through Your Business As many of us have been working from home for the last few months it seems that our whole approach to work is changing.  Last month Twitter announced that staff could continue working from home “forever” if they chose to. In addition, a recent survey found that 28% of employees expect...

Monitoring Staff Working From Home

Working from Home How to make sure your staff are staying productive We’re talking a lot about businesses that are starting to reopen to the public and returning employees.  But the advice is still to work from home if possible and many businesses are having to carry on with operating remotely. This means that many employers a...

Recover VAT on Working From Home Costs

Recover VAT on Working From Home Costs Many of us have been working from home for the last few months thanks to coronavirus and let’s face it, a lot of us will be doing it for quite a while longer. Indeed, some businesses have embraced this option and it looks like being an ongoing feature of work going forward.  One of the side ...

VAT For Small Business

Your Guide to VAT and Your Business Value Added Tax is one of the most confusing taxes to understand, with complicated rules and thresholds that make it an area fraught with dangers and pitfalls for small businesses.  In the blog below we answer some of the most frequently asked questions on the subject. What is Value Added Tax? ...

Get Ready for Brexit

Get Ready for Brexit If you run a small business and particularly a creative business, there are two key areas of uncertainty surrounding Brexit, that could be keeping you awake at night.  If you run a small business and particularly a creative business, there are two key areas of uncertainty surrounding Brexit, that could be keepi...

3 Problems Facing Small Business

The 3 Problems Facing Small Business Today 1. Money It won’t come as any surprise that cashflow is the main problem facing small to medium business right now.  Wasn’t it ever thus?  Yes, that’s true, cashflow has always been an issue.  But there has never been a better time for small businesses to take control of cas...